Concentra Group Holdings Parent (NYSE:CON) Price Target Lowered to $25.00 at Wells Fargo & Company

Concentra Group Holdings Parent (NYSE:CON) had its price target reduced by Wells Fargo & Company from $27.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 20.39% from the stock’s previous close.

A number of other equities analysts have also recently commented on CON. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America lifted their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Buy” and an average target price of $28.38.

Concentra Group Holdings Parent Stock Performance

CON traded down $0.67 on Wednesday, reaching $20.77. The company had a trading volume of 288,275 shares, compared to its average volume of 739,308. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The stock has a market capitalization of $2.64 billion and a PE ratio of 13.77. The stock has a 50-day moving average price of $22.15 and a 200-day moving average price of $21.68.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. As a group, research analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $46,003,000. Loomis Sayles & Co. L P purchased a new position in Concentra Group Holdings Parent in the third quarter valued at about $8,676,000. State Street Corp acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $6,804,000. Geode Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $11,122,000. Finally, Jane Street Group LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $584,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.